General Business News

Islamabad: The Bank of Khyber (BOK) reported a remarkable 2.2-fold year-on-year surge in profit for the first half of the fiscal year 2025, reaching PkR3.4 billion (earnings per share: PkR2.91). This impressive growth was primarily attributed to a 28%...

Islamabad: Pakistan and China have signed three key agreements to bolster cooperation in agriculture, education, and green development, promising significant economic benefits and employment opportunities for Pakistan. The Pakistan-China Joint Chamber...

Islamabad: The Pakistani Rupee continued its struggle against the US Dollar, closing at 282.55 rupees per dollar in the open market on September 17, 2025, according to the Exchange Companies Association of Pakistan (ECAP). The buying rate for the gr...

Islamabad: The Karachi Interbank Offered Rate (KIBOR) experienced notable volatility across various maturities on September 16, 2025, according to data released by the State Bank of Pakistan. Short-term rates for one-week loans saw the widest spread, ...

Islamabad: The Pakistani Rupee experienced varied movements against major international currencies, according to the latest weighted average customer exchange rates released by the State Bank of Pakistan. The US dollar, a key indicator, closed at a bu...

Karachi: BankIslami and MG Motors Pakistan have partnered to offer the lowest Shariah-compliant auto financing rates in the Pakistani market, starting at 4.99% (equivalent to a 1-year rate of 1.49%). This groundbreaking collaboration promises to resha...

Islamabad: Pakistan's consumer price index (CPI) is projected to surge to 6.5-7.0% year-over-year in September 2025, a sharp increase from 3.0% in August 2025 and marking the highest level in eleven months. This alarming rise is primarily attributed t...